Breaking News: MEMECOINS – Market Insights, Analysis & Latest Updates

'See you in hell': crypto trader Cobie burns gifted 60% supply of Pump.fun Solana memecoin 'UPONLY'

An unknown entity launched UPONLY, a Solana-based memecoin, sending 60% to trader Cobie, who burned them. Market cap peaked at $45 million, but dropped significantly afterward.

theblock.co • 08/11/2024 - 14:31 PM

Trump election-themed memecoins Peanut the Squirrel and Department of Government Efficiency see major gains

Election-themed memecoins such as Peanut the Squirrel and Department of Government Efficiency have seen substantial gains in the past 24 hours following Donald Trump’s U.S. election victory. In contrast, PolitiFi memecoins like Super Trump, MAGA, and Doland Tremp have experienced notable declines during the same period.

theblock.co • 06/11/2024 - 17:27 PM

Top Daos.fun 'memefunds' see market caps tank with 'ai16z' dropping 80% in the past seven days

Major memefunds on Daos.fun, including ai16z and Norm Capital, have seen significant declines in market capitalization, with concerns over market manipulation and hype circulating among analysts.

theblock.co • 05/11/2024 - 16:20 PM

Memecoin trading tool Hype launches ‘President Memecoin Index’ ahead of Election Day

Hype has launched a President Memecoin Index on Solana and Base to track popular memecoins tied to the U.S. election, reflecting market sentiments and predictions.

theblock.co • 04/11/2024 - 21:26 PM

Crypto traders bet millions on squirrel-themed memecoins as story of a euthanized pet named Peanut becomes an election issue

Traders on Pump.fun are betting on squirrel memecoins inspired by a pet squirrel's controversial euthanasia, amidst heated political commentary ahead of the U.S. elections.

theblock.co • 04/11/2024 - 21:01 PM

The Daily: Founders Fund invests in Infinex's Patron NFT sale, FTX agrees to drop its Bybit lawsuit and more

Peter Thiel’s Founders Fund was unveiled as an investor in Infinex’s new “patronage” fundraising model on Monday, as the sale officially closed, raising a total of $67.7 million. The FTX estate has settled its lawsuit with crypto exchange Bybit, its executives and its investment arm Mirana for $228 million, aiding upcoming creditor repayments. Solana’s leading web3 wallet Phantom, was hit with 2 hours and 45 minutes of downtime on Monday, leading to inaccurate account balances for users. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 28/10/2024 - 18:19 PM

Ethereum mainnet issues drive users to Layer 2s and Solana, analyst says

Ethereum’s infrastructure limitations are leading users, applications, and capital to migrate to Layer 2 solutions and competing blockchains like Solana, an analyst said. Another analyst noted that liquidity fragmentation across Ethereum’s Layer 2 networks poses a risk to market efficiency.

theblock.co • 28/10/2024 - 18:06 PM

MEMECOINS

Marc Andreesen shoutouts help AI-powered VC fund ai16z to nearly $100 million market cap

An AI-powered VC fund called ai16z on the nascent platform Daos.fun reached a nearly $100 million market cap after a shoutout from the a16z partner after which it’s modeled, Marc Andreessen. The fund’s market cap has since declined to about $50 million, though volatility remains high. The fund’s creator says the plan is to have the AI run the fund based on input from DAO members, weighted by their token holdings and the quality of their prior recommendations.

theblock.co • 27/10/2024 - 18:39 PM

AI memecoins endorsed by the Truth Terminal chatbot see double-digit price drop

Major AI memecoins face price drops, led by Goatseus Maximus. Its endorsements fuelled hype, but overall market capitalization decreases indicate cooling interest in crypto and AI fusion.

theblock.co • 25/10/2024 - 15:18 PM

Arbitrum-based crypto derivatives trading protocol Variational raises $10.3 million in seed funding

Variational, a crypto derivatives protocol on Ethereum's Layer 2, raised $10.3 million. Plans include launching mainnet and token in 2024-2025, expanding beyond Arbitrum.

theblock.co • 23/10/2024 - 14:30 PM

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